iShares launches 11 ETFs that invest in international securities

By Toni Weeks

San Diego, Dec. 30 - iShares, Inc. has launched 11 new exchange-traded funds managed by BlackRock Fund Advisors, according to 497 filings with the Securities and Exchange Commission.

The portfolio managers for all of the funds will be Christopher Bliss, Rene Casis, Diane Hsiung and Greg Savage.

The iShares MSCI South Korea Small Cap Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Korea Small Cap Index, which is designed to measure the performance of equity securities of small capitalization companies whose market capitalization represents the bottom 14% of the South Korean securities market.

The fund generally invests at least 80% of its assets in the securities of the index or in depositary receipts representing securities of the index.

The fund trades on the NYSE Arca under the symbol "EWYS."

Total annual fund operating expenses will be 0.74%, which consists entirely of a management fee.

The iShares MSCI Taiwan Small Cap Index Fund seeks investment results that correspond to the price and yield performance of the MSCI Taiwan Small Cap Index, which is designed to measure the performance of equity securities of small cap companies whose market cap represents the bottom 14% of companies in the Taiwanese securities market.

The fund generally invests at least 80% of its assets in the securities of the index or in depositary receipts representing securities of the index.

The fund trades on the NYSE Arca under the symbol "EWTS."

Total annual fund operating expenses will be 0.74%, which consists entirely of a management fee.

The iShares MSCI Emerging Markets Asia Index Fund seeks investment results that correspond to the price and yield performance of the MSCI Emerging Markets Asia Index, which is designed to measure equity market performance in the emerging market countries of Asia.

The fund generally invests at least 80% of its assets in the securities of the index or in depositary receipts representing securities of the index. The fund invests all of its assets that are invested in India through a wholly owned subsidiary located in the Republic of Mauritius.

The fund trades on the NYSE Arca under the symbol "EEMA."

Total annual fund operating expenses will be 0.49%, which takes into account a fee waiver from the adviser and consists entirely of a management fee.

The iShares MSCI All Country Asia ex Japan Small Cap Index Fund seeks investment results that correspond to the price and yield performance of the MSCI All Country Asia ex Japan Small Cap Index, which is designed to measure the performance of equity securities of small-cap companies in developed and emerging market countries in Asia, including Japan.

The fund generally invests at least 80% of its assets in the securities of the index or in depositary receipts representing securities of the index. The fund invests all of its assets that are invested in India through a wholly owned subsidiary located in the Republic of Mauritius.

The fund trades on the NYSE Arca under the symbol "AXJS."

Total annual fund operating expenses will be 0.75%, which consists entirely of a management fee.

The iShares MSCI Emerging Markets Consumer Discretionary Sector Index Fund seeks investment results that correspond to the price and yield performance of the MSCI Emerging Markets Consumer Discretionary Index, which is designed to measure the performance of equity securities of the consumer discretionary sector of emerging market countries.

The fund generally invests at least 80% of its assets in the securities of the index or in depositary receipts representing securities of the index. The fund invests all of its assets that are invested in India through a wholly owned subsidiary located in the Republic of Mauritius.

The fund trades on the NYSE Arca under the symbol "EMDI."

Total annual fund operating expenses will be 0.69%, which consists entirely of a management fee.

The iShares MSCI Emerging Markets EMEA Index Fund seeks investment results that correspond to the price and yield performance of the MSCI Emerging Markets EMEA Index, which is designed to measure the performance of equity securities in the emerging market countries of Europe, the Middle East and Africa.

The fund generally invests at least 80% of its assets in the securities of the index or in depositary receipts representing securities of the index.

The fund trades on the NYSE Arca under the symbol "EEME."

Total annual fund operating expenses will be 0.49%, which takes into account a fee waiver with the adviser and consists entirely of a management fee.

The iShares MSCI Emerging Markets Latin America Index Fund seeks investment results that correspond to the price and yield performance of the MSCI Emerging Markets Latin America Index, which is designed to measure the equity market performance of emerging markets in Latin America.

The fund generally invests at least 80% of its assets in the securities of the index or in depositary receipts representing securities of the index.

The fund trades on the NYSE Arca under the symbol "EEML."

Total annual fund operating expenses will be 0.49%, which takes into account a fee waiver with the adviser and consists entirely of a management fee.

The iShares MSCI Emerging Markets Growth Index Fund seeks investment results that correspond to the price and yield performance of the MSCI Emerging Markets Growth Index, which is a subset of the MSCI Emerging Markets Index, representing about 50% of the that index. The securities in the MSCI Emerging Markets Growth Index are classified by MSCI Inc. as "growth style" securities, which tend to have higher forecasted earnings growth rates, lower book value to price ratios, lower forward earnings to price ratios and lower dividend yields.

The fund generally invests at least 80% of its assets in the securities of the index or in depositary receipts representing securities of the index.

The fund trades on the NYSE Arca under the symbol "EGRW."

Total annual fund operating expenses will be 0.49%, which takes into account a fee waiver with the adviser and consists entirely of a management fee.

The iShares MSCI Emerging Markets Value Index Fund seeks investment results that correspond to the price and yield performance of the MSCI Emerging Markets Value Index, which represents about 50% of the MSCI Emerging Markets Index and consists of the securities classified by MSCI as representing "value style." Securities classified as value style tend to have higher book value to price ratios, higher forward earnings to price ratios, higher dividend yields and lower forecasted earnings growth rates than securities representing the growth style.

The fund generally invests at least 80% of its assets in the securities of the index or in depositary receipts representing securities of the index.

The fund trades on the NYSE Arca under the symbol "EVAL."

Total annual fund operating expenses will be 0.49%, which takes into account a fee waiver with the adviser and consists entirely of a management fee.

The iShares MSCI Hong Kong Small Cap Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Hong Kong Small Cap Index, which is designed to measure the performance of equity securities of small capitalization companies whose market capitalization represents the bottom 14% of the Hong Kong securities market.

The fund generally invests at least 90% of its assets in the securities of the index or in depositary receipts representing securities of the index.

The fund trades on the NYSE Arca under the symbol "EWHS."

Total annual fund operating expenses will be 0.59%, which consists entirely of a management fee.

The iShares MSCI World Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI World Index, which is designed to measure the performance of equity securities in the top 85% of equity market capitalization in some developed market countries.

The fund generally invests at least 90% of its assets in the securities of the index or in depositary receipts representing securities of the index.

The fund trades on the NYSE Arca under the symbol "URTH."

Total annual fund operating expenses will be 0.24%, which consists entirely of a management fee.

BlackRock Fund Advisors is based in San Francisco.

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